Auditing

Organization Also Proposes a New Related Auditing Standard on the Auditor’s Responsibilities for Other Information in an Annual Report

The FBI has arrested the controller of Collin Street Bakery for mail fraud, three weeks after the Corsicana, Texas, fruitcake giant filed a lawsuit alleging that he had embezzled more than $16.6 million since January 2005 until he was fired this June, the U.S. attorney's office in Dallas said Tuesday.

The U.S. audit, tax and advisory firm KPMG LLP has named Jim Suglia as the national leader for its Investment Management sector.

Confidence among U.S. finance and accounting workers hit a high in the second quarter of the year, according to a new survey.

A weekly roundup of professionals in the tax and accounting profession that have changed jobs and/or been promoted.

Thought Leader Donny Shimamoto presented Jeremy Dillard with the Maximo Mukelabai Award at the AICPA’s E.D.G.E. Conference.

Conducting regular, systematic audits is essential for holding public companies accountable for their decisions and financial records. Monitoring, evaluating, and managing public corporations is arguably the most effective way to placate stakeholders. But who ensures that audits are always conducted properly, fairly and thoroughly? In other words, who audits the auditors?

David Erkens, an assistant professor of accounting at the Marshall School of Business at the University of Southern California was awarded the 2013 Best Early Career Researcher Award.